Pictet North America Advisors SA Sells 56,583 Shares of Canadian Pacific Kansas City Limited $CP

Pictet North America Advisors SA decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,590 shares of the transportation company’s stock after selling 56,583 shares during the quarter. Canadian Pacific Kansas City makes up 2.0% of Pictet North America Advisors SA’s portfolio, making the stock its 15th biggest holding. Pictet North America Advisors SA’s holdings in Canadian Pacific Kansas City were worth $21,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vident Advisory LLC increased its holdings in Canadian Pacific Kansas City by 13.2% in the 1st quarter. Vident Advisory LLC now owns 6,733 shares of the transportation company’s stock worth $473,000 after acquiring an additional 787 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in shares of Canadian Pacific Kansas City by 31.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 5,104 shares of the transportation company’s stock worth $358,000 after purchasing an additional 1,222 shares in the last quarter. Amundi raised its position in shares of Canadian Pacific Kansas City by 3.1% during the 1st quarter. Amundi now owns 1,363,989 shares of the transportation company’s stock valued at $96,134,000 after purchasing an additional 41,253 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $421,000. Finally, Hancock Whitney Corp boosted its holdings in Canadian Pacific Kansas City by 4.4% in the 1st quarter. Hancock Whitney Corp now owns 26,472 shares of the transportation company’s stock worth $1,859,000 after buying an additional 1,104 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.1%

Shares of CP opened at $74.41 on Friday. The business’s 50 day simple moving average is $72.64 and its 200-day simple moving average is $75.32. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the company earned $0.99 EPS. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is 19.82%.

Analyst Ratings Changes

A number of research firms have commented on CP. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. Citigroup cut their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.